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4. Housing Types and Affordability <br /> Sample Action Steps HRAPossiblePossible <br />(DRAFT)PriorityBudget Impact Implementation <br />(L, M, Year <br />H) <br />M Develop new loan program Additional funds 2005 <br />specifically for families with ($250,000) <br />households of three or more (criteria earmarked for loan <br />similar to Housing Redesign program plus <br />Program) administration. <br />N Increase opportunities for Young Gap funds provided 2005-06 <br />Family Housing – SHRP or New to existing programs <br />Small Lot SF (SHRP - $200,000) <br />and gap funds for <br />new redevelopment <br />options such as 311 <br />B. <br />O Recommend existing lot size width 2006 <br />be reduced to allow for more <br />affordable small lot single family <br />infill development <br />P Provide additional study regarding Cost associated with 2006 <br />the opportunities and challenges of a study ($10,000 - <br />ages in neighborhoods $20,000) <br />(seniors/young families) <br />Q Consider recommending a senior Could have a <br />housing moratorium until study negative impact on <br />and/or new programs can be City revenues from <br />evaluatedopportunity lost in <br />new property taxes <br />R Other: <br />RHRAD_ Neighborhood Report Action Steps (06-21-05) - Page 4 of 8 <br /> <br />